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Fears Of Economic Slowdown Cap Crude Prices

Fears Of Economic Slowdown Cap Crude Prices

Tightening monetary policy is expected…

Energy / Oil Prices

Oil About To Post First Full Weekly Loss In 3 Months

Jun 24, 2022 at 08:29 | Irina Slav

As fears of a global recession deepen, oil prices may end the week with the first five-day consecutive losses since April, Bloomberg has reported, also noting the Fed’s intention to…

Are Oilfield Service Companies A Buy?

Jun 17, 2022 at 11:23 | Alex Kimani

Last week, we presented a bear case for the energy sector based on the premise that oil and gas stocks could be in…

The Perfect Storm In Oil Caught Markets Off Guard

Jun 17, 2022 at 11:14 | Irina Slav

Two years ago, at the height of the pandemic, BP wrote in its annual Energy Outlook that global oil demand had peaked at…

Citi And Barclays Raise Oil Price Forecasts

Jun 06, 2022 at 10:52 | Julianne Geiger

Two banks—Citi and Barclays—raised their oil price forecasts on Monday, citing the effects of Russian crude oil sanctions and delays in the renewal of the Iran nuclear deal—without which there…

Oil Prices Flat As Russia Bombs Kyiv For First Time In Weeks

Jun 06, 2022 at 09:55 | Charles Kennedy

Oil prices were slightly down early on Monday after Russia fired missiles on the Ukrainian capital Kyiv for the first time in weeks while the battle in eastern Ukraine rages…

Russia Sees Extra $6.4 Billion Oil Revenue In June As Prices Rally

Jun 03, 2022 at 10:41 | Tsvetana Paraskova

Russia expects to receive as much as $6.37 billion in additional oil and gas revenues in June, its finance ministry said on Friday, as energy commodity prices have rallied since…

Citi: Oil Is Overvalued By $50 Per Barrel

Jun 01, 2022 at 14:07 | Tom Kool

Brent crude, trading Wednesday at over $116 per barrel, should be closer to $70, according to Citi’s global head of commodity research, Ed Morse, in an interview with…

Oil Rises As Market Expects Fuel Demand To Continue Increasing

Jun 01, 2022 at 09:52 | Tsvetana Paraskova

Oil prices rose early on Wednesday as China’s financial hub Shanghai reopened after a two-month strict lockdown, giving hope to oil bulls that Chinese fuel demand will rebound, while fuel…

Brent Crude Hits $120 As Driving Season Officially Kicks Off In U.S.

May 30, 2022 at 10:11 | Julianne Geiger

Brent crude oil reached $120 per barrel on Memorial Day—the official kickoff of the summer driving season in the United States. The Brent Crude July contract was…

BofA: Sharp Decline In Russian Exports Could Send Oil Above $150

May 27, 2022 at 10:03 | Charles Kennedy

Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America. “With our…

Oil Prices Rally On Robust Demand Outlook

May 26, 2022 at 10:31 | Tsvetana Paraskova

Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of…

Oil Set For Fourth Weekly Gain Amid Tight Fuel Markets

May 20, 2022 at 10:29 | Tsvetana Paraskova

Oil prices were up early on Friday, headed for a small weekly gain, but a gain nevertheless—the fourth in a row—as gasoline and diesel supply globally struggle to meet rising…

Why Investors Should Pay Close Attention To The Disappearing WTI-Brent Spread

May 19, 2022 at 15:02 | Alex Kimani

The average investor might not think much about the oil price spread between West Texas Intermediate (WTI) and Brent Crude, which is usually only a couple of dollars…

Oil Prices May Not Drop, Even If There Is A Recession

May 19, 2022 at 10:56 | Tsvetana Paraskova

As a growing number of economists and Wall Street bankers warn that a recession is coming later this year or next year, another camp of analysts says that…

Oil Hits Eight-Week High Amid Hopes Of Recovering Chinese Demand

May 17, 2022 at 08:39 | Tsvetana Paraskova

Oil prices rose above $114 a barrel early on Tuesday, reaching the highest level in eight weeks, amid a tight global fuel market and expectations that Chinese demand will start…

Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65

May 16, 2022 at 11:51 | Simon Watkins

A key factor in the upper band of the benchmark crude oil trading ranges over the past weeks is market concern over a ban of Russian oil exports…

Brent Hits $113 As Oil Heads For Second Weekly Gain

May 06, 2022 at 07:02 | Tsvetana Paraskova

Oil prices were set for a second consecutive weekly increase early on Friday, as the EU’s proposal to ban imports of all Russian crude and oil products by…

Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks

May 05, 2022 at 10:54 | Charles Kennedy

The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the first time in…

Oil Rallies As EU Officially Proposes Embargo On Russian Imports

May 04, 2022 at 07:33 | Irina Slav

The European Commission on Wednesday officially proposed a full ban on Russian crude and oil product imports by the end of the year—a move that sent

Oil Price Outlook Remains Bullish As Europe Prepares Russian Embargo

May 03, 2022 at 08:00 | Irina Slav

Crude oil prices remained bullish Tuesday morning after the latest signal from the European Union that it is preparing to impose an oil embargo on Russia.

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